The Japan Bank for International Cooperation (JBIC) has signed a memorandum of understanding with the Banca de Export-Import a Romaniei Eximbank (Eximbank Romania).

Under terms of the agreement, both banks will exchange views and information on prospective business opportunities in both Romania and Japan.

Romania’s economy has been steadily growing in recent years and having joined the European Union at the beginning of 2007, the country is working to sufficiently develop its domestic industries in order to adopt the Euro as its national currency by 2014.

Its main trading partners are EU countries, with trade with Japan having been fairly limited so far.